Rapid Reaction: September Existing Home Sales
September existing home sales rose a better-than-expected 3.47 percent from August, to 5.47 million units (SAAR), reversing two consecutive monthly declines. Sales were up 0.6 percent from a year ago.
Q3 2016 Market Report: High Demand Continues to Put Pressure on Home Values
Now three-fourths of the way through 2016, the trends we’ve seen shaping the market throughout much of the year – namely, high demand for homes to buy and low supply of homes for sale, which have conspired to push up prices – look firmly entrenched.
Swings and Misses: Home Values in Presidential Swing Counties Fell More, and Have More to Recover
Swing counties – counties won by both Democratic and Republican presidential candidates during the past three presidential election cycles – have, on average, experienced a weaker housing market recovery than counties solidly in the Democratic or Republican columns.
Is Your City Building Enough Housing? Weighing Today’s Housing Promises Versus Past Housing Delivery
A lack of new housing supply has been blamed for a raft of housing issues plaguing many large U.S. housing markets, including rapid appreciation, deteriorating affordability (especially at the lower end of the market and for renters) and very limited inventory. In response, mayors’ offices nationwide have formulated plans focused on building new housing and rehabilitating and preserving what housing already exists. But are these plans enough, and are they feasible?
Contracting for-sale inventory continues to weigh on the housing market, pushing up home value appreciation and weighing on home sales. Since January 2015, existing home sales have grown year-over-year in every month save one. But that growth is flagging as the number of homes actually for sale stays low.
It’s Time to Move Forward with ST3: Vote Yes on Sound Transit Proposition 1
At Zillow, we know that investing in transit today means making a down payment on housing affordability tomorrow. That's why it’s time for our region to invest in the down payment for smart growth represented by the ST3 plan, and vote in favor of Sound Transit Proposition 1 on November’s ballot.
The Zillow Group Report on Consumer Housing Trends
To shine a light on how Americans approach home-related decisions, Zillow Group conducted the most comprehensive research ever done about home buyers, sellers, owners and renters. The results paint a rich picture of all the people involved in the process of deciding where to live—a younger and more diverse group than many appreciate.
Rapid Reaction: September Jobs Report
This morning’s jobs report offered another glimpse into what has been a solid employment picture. Despite creating only 156,000 jobs in September instead of the expected 175,000 jobs, job creation remained at a solid pace.
Annual growth in median rents nationwide has slowed considerably from last summer’s breakneck pace, offering some relief to renters struggling to pay less money to their landlords and put more money into savings for a home purchase. But just because rental growth is slowing down, doesn’t mean it’s not still growing – and incredibly quickly – in some of the nation’s hottest markets, according to the Zillow Rent Forecast, contributing to continued affordability concerns.
August Case-Shiller Forecast: New Home Price Peaks Within Sight
According to Zillow’s August Case-Shiller forecast, the national index and both smaller 10 and 20-city indices look set to keep growing at a very similar rate as they have been for the past few months.
